Cullen Frost Bankers Inc. Buys 9,623 Shares of Entergy Co. (NYSE:ETR)

Cullen Frost Bankers Inc. raised its stake in shares of Entergy Co. (NYSE:ETR - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 158,178 shares of the utilities provider's stock after purchasing an additional 9,623 shares during the quarter. Cullen Frost Bankers Inc. owned 0.07% of Entergy worth $16,006,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Wealth Alliance boosted its position in shares of Entergy by 1.2% in the 4th quarter. Wealth Alliance now owns 8,201 shares of the utilities provider's stock worth $830,000 after purchasing an additional 101 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in Entergy by 1.8% during the fourth quarter. Marino Stram & Associates LLC now owns 5,778 shares of the utilities provider's stock worth $585,000 after buying an additional 102 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Entergy by 5.1% during the 3rd quarter. Brown Advisory Inc. now owns 2,353 shares of the utilities provider's stock worth $218,000 after buying an additional 115 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Entergy by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 6,657 shares of the utilities provider's stock valued at $674,000 after acquiring an additional 124 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in shares of Entergy by 1.7% in the 4th quarter. Verdence Capital Advisors LLC now owns 7,945 shares of the utilities provider's stock valued at $804,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 88.07% of the company's stock.

Insider Buying and Selling

In other Entergy news, CAO Reginald T. Jackson sold 9,229 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now directly owns 2,166 shares in the company, valued at $235,465.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Entergy news, EVP Kimberly Cook-Nelson sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $100.35, for a total value of $200,700.00. Following the completion of the transaction, the executive vice president now directly owns 16,037 shares in the company, valued at $1,609,312.95. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Reginald T. Jackson sold 9,229 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $108.71, for a total value of $1,003,284.59. Following the completion of the transaction, the chief accounting officer now owns 2,166 shares of the company's stock, valued at $235,465.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,229 shares of company stock worth $2,229,970. Corporate insiders own 0.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of Entergy from $108.00 to $107.00 and set an "equal weight" rating for the company in a research note on Monday, April 15th. KeyCorp raised their price objective on Entergy from $108.00 to $112.00 and gave the stock an "overweight" rating in a research note on Friday, April 19th. Scotiabank reduced their target price on Entergy from $111.00 to $104.00 and set a "sector perform" rating on the stock in a report on Monday, April 22nd. BMO Capital Markets increased their price target on Entergy from $110.00 to $113.00 and gave the stock an "outperform" rating in a report on Monday, February 26th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $117.00 price objective on shares of Entergy in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $109.45.

Entergy Stock Up 0.2 %

Shares of ETR traded up $0.25 during mid-day trading on Wednesday, hitting $110.83. 1,534,585 shares of the company's stock were exchanged, compared to its average volume of 1,451,679. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.69 and a quick ratio of 0.45. Entergy Co. has a 52 week low of $87.10 and a 52 week high of $110.91. The company has a market cap of $23.67 billion, a PE ratio of 11.12, a P/E/G ratio of 2.01 and a beta of 0.69. The company has a 50-day simple moving average of $104.40 and a 200 day simple moving average of $101.44.

Entergy (NYSE:ETR - Get Free Report) last released its earnings results on Wednesday, April 24th. The utilities provider reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.36). Entergy had a net margin of 17.75% and a return on equity of 10.20%. The business had revenue of $31.17 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same period last year, the business posted $1.14 EPS. The firm's revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts forecast that Entergy Co. will post 7.22 earnings per share for the current fiscal year.

Entergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 2nd will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Wednesday, May 1st. Entergy's dividend payout ratio is currently 45.34%.

Entergy Company Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.

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